We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Hess (HES) Posts Wider-Than-Expected Q4 Loss, Revenues Beat
Earnings: Headquartered in New York, Hess Corporation’s (HES - Free Report) loss per share from continuing operations (excluding special items) came in at $1.01, wider than the Zacks Consensus Estimate of loss of 90 cents per share.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of loss for the quarter has been revised narrower over the last 30 days.
Moreover, Hess has an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 3.9%.
Hess Corporation Price and Consensus
Hess Corporation Price and Consensus | Hess Corporation Quote
Revenue: Revenues of $1,296 million came above the Zacks Consensus Estimate of $1,293.8 million.
Key Stats: Quarterly hydrocarbon production was 300 thousand barrels of oil equivalent per day, down 3.5% year over year.
Worldwide crude oil realization per barrel of $55.44 (including the impact of hedging) up 20.6% year over year.
Zacks Rank: Currently, Hess has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter 2017 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this Hess Corporation earnings report later!